What oil companies are on the North Slope?

North Slope producers

  • BP Alaska.
  • Caelus Energy.
  • ConocoPhillips Alaska.
  • ExxonMobil.

Are there large oil reserves along the North Slope of Alaska?

Prudhoe Bay Oil Field is a large oil field on Alaska’s North Slope. It is the largest oil field in North America, covering 213,543 acres (86,418 ha) and originally containing approximately 25 billion barrels (4.0×109 m3) of oil.

How much oil is left in the North Slope?

3.59 billion barrels
In all, the Central North Slope has 3.59 billion barrels left to discover in non-Nanushuk and non-Torok formations, 2.15 billion that is within Torok formations, according to the mean estimates, along with the additional 1 billion that has been discovered since 2005.

How much oil is currently being extracted from North Slope oil fields in Alaska?

Oil production in Alaska has dropped approximately 75 percent since hitting a peak of more than two million barrels per day (bpd) in 1988. North Slope production averaged 496,906 bpd in FY 2019. North Slope production is expected to decline to 486,400 bpd in FY 2020 and edge up to 486,500 bpd in FY 2021.

Where are the largest oil fields in Alaska located?

Prudhoe Bay in Alaska’s North Slope is one of the biggest oil fields in North America. The 1,287km-long Trans-Alaska pipeline transports crude oil from Prudhoe Bay fields to the Valdez port in Prince William Sound.

Is there still oil in Prudhoe Bay?

Today, while production has fallen from historic peaks due to natural decline, Prudhoe Bay remains the third-largest oil field in the US by proved reserves, behind the Eagle Ford Shale and Spraberry fields in Texas, and a major source of domestic oil production, with current output at approximately 281,800 barrels of …

Is the Alaskan pipeline still working?

The pipeline continues to function normally and several oil tankers have used the terminal since the spill was first reported, about a week ago.

How long is oil left in Alaska?

On a best case scenario, Alaska has roughly 47 billion barrels of crude left to produce. Assuming Alaska’s production continues, the state will produce roughly 1 billion barrels per day for the foreseeable future. That means as a best case scenario Alaska’s crude production will last until 2062.